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Iraq Expects West Qurna-2 Start-Up By End-February
...ft, said in a statement that a first line with capacity of 60,000 b/d would come onstream in the near future. Output is forecast to reach 170,000 b/d by 2017 and is expected to remain at this level for seven years, the company said. Any significant future increases in capacity will depend on the ti...
Volume: 57Issue: 02Published at Fri, 10 Jan 2014 -
IOCs Welcome New Egyptian Bid Round As Sign Of Progress
...fore Prime Minister Hazim al-Biblawi announced last month that $1.5bn of this debt would be repaid immediately, and a further $3bn would be paid in instalments by 2017. “They are trying to project the image that Egypt is a good place to invest,” said Joe Versfeld, regional exploration manager for US...
Volume: 57Issue: 02Published at Fri, 10 Jan 2014 -
Petroceltic Focuses On North Africa As Investment And Production are Set To Slump
...r completion in 2017, “is substantially agreed and should be signed during Q1 2014,” the company said in a 7 January release. The Ain Tsila consortium – Petroceltic, Algeria’s state oil company Sonatrach and Italy’s Enel – are aiming to award the front end engineering and design (FEED) contract du...
Volume: 57Issue: 02Published at Fri, 10 Jan 2014 -
Saudi Starts 4GW CCGT Plant, Further 30GW Planned By 2018
...2017 (MEES, 3 January). The plant will burn hydrocarbons but incorporate 20-30MW of solar capacity to reduce saturated steam production and increase fuel efficiency. SEC requested expressions of interest on 25 December for developing the Dhuba-1 IPP in the Tabuk region. The company says the pr...
Volume: 57Issue: 02Published at Fri, 10 Jan 2014